Net tax revenues for the Central Government (excluding tax refunds) reached 21,073 million soles (approximately US$ 5.7 billion) in April of this year, 17.7% higher than the same month in 2024, Sunat reported today.
It also noted that this result marks 11 consecutive months of increases in Peru's tax revenues.
The National Superintendency of Customs and Tax Administration (Sunat) explained that the positive April tax collection result was primarily due to the following factors:
1) The favorable performance of economic activity in March, both in Gross Domestic Product (GDP) and domestic demand, with the majority of domestic tax obligations being paid during the month of April.
It also highlighted the growth in CIF imports (2.4%). By type of goods, imports of consumer goods increased by 12.3%, capital goods and construction materials grew by 6.8%, while raw materials and intermediate products contracted by 3.7%. The exchange rate fell by 0.4%.
2) The positive results obtained by the annual Income Tax Regularization campaign for fiscal year 2024, which began on March 26 and ran until April 9 for taxpayers with annual net income in 2023 exceeding 1,700 UIT (Tax Units), and others.
These results would primarily reflect the increase in corporate profits for 2024 and would have resulted in the collection of S/ 7,273 million in the month, compared to the S/ 4,745 million collected in April of the previous year.
Between January and April, regularization collections reached S/ 10,555 million, compared to S/ 6,344 million for the same period in 2024.
3) The continued facilitation, monitoring, inspection, and recovery of tax obligations carried out by Sunat, which led to the payment and recovery of extraordinary obligations amounting to S/ 2,718 million during April 2025, compared to S/ 987 million achieved in the same month in 2024.
4) The favorable impact generated by the implementation of the following regulations:
- Legislative Decree No. 1634, which approved a new special installment plan for tax debts (FRAES), which generated the payment of monthly installments during the month of April, a flow that will continue in the following months according to the agreed deadlines. S/ 60 million was collected in April for this purpose.
-Legislative Decree No. 1623 – IGV applied to digital services, which established the payment mechanism for this tax, having collected more than S/ 47 million in April, this being the fourth month of application.
-Law No. 31557 and Legislative Decree No. 1644 (remote gaming and sports betting), which in the third month of payments generated an amount of S/ 32 million between the tax itself on these activities and its impact on the Excise Tax (ISC).
-Supreme Decree No. 115-2024-EF, which established the Selective Consumption Tax (ISC) rate on beer at 0.047% of the UIT; With an estimated impact of approximately S/ 5 million in monthly higher revenue, the UIT (Tax Unit) of S/ 5,350 soles will be implemented in 2025.
On the contrary, there are some regulations effective in April 2025 that led to a reduction in revenue collection during that month, including the following:
-Law No. 31903, which provides for the free disposal of funds from deduction accounts by MSMEs, has been affecting the collection flows from tax debt collection and the so-called Income as Collection (ICR).
-Law 32219 amended Law No. 31556, extending the reduced 8% VAT rate for micro and small businesses engaged in restaurant, hotel, tourist accommodation, catering, and food concession activities until December 31, 2026.
-Law No. 31962 amended the application of interest on both refunds and the adjustment of fines.
Additionally, April 2025 had a negative statistical effect, generated by the larger comparison base, due to two fewer days of tax collection compared to April 2024, due to the Easter holidays.
The taxes collected provide the necessary revenue to finance the public budget.
Taxpayer contributions enable the State to fulfill its mission of providing education (by funding the construction of schools throughout the country), healthcare (by building more hospitals and equipping them with modern equipment), and services such as electricity, water, and sewage, among others, which represent the social function of taxes.
Results by different kind of taxes:
Income Tax
In April 2025, S/ 13,927 million was collected from this item, representing a 32.4% increase compared to the same month in 2024.
The reported growth is mainly due to higher payments received for Income Tax Regularization (50.8%); Third Category Payments on Account of the General Regime and the MSME Tax Regime (RMT) (27.9%).
Also because of Second Category (40.1%) and Fifth Category (11.3%), both reflecting improved profits in some sectors and their subsequent distribution to shareholders and employees; First Category (1.7%); Fourth Category (5.8%); Special Income Regime (RER) (4.6%); and Other Income (57.8%).
In contrast, payments corresponding to Income Tax from Non-Domiciled Individuals fell (-19.1%) due to the facts that an extraordinary payment was considered in April 2024, which was not recorded this year.
As previously mentioned, the significant growth observed in collections from the Income Tax Regularization (50.8%) is due to the improved performance of the 2024 fiscal year, despite the statistical effect of fewer due dates in April 2025 compared to April 2024.
General Sales Tax (IGV)
IGV collection reached S/ 7,343 million in April of this year, representing a 0.6% decrease compared to the same month last year.
The Domestic VAT (IGV) collected S/. 4.342 billion, equivalent to a 4.7% increase compared to April 2024. This percentage reflects the growth in domestic demand in March, the application of the VAT to Digital Services, and the actions taken by SUNAT.
In contrast, the VAT (IGV) on imports collected S/. 3.001 billion, a 7.4% drop compared to April 2024.
The drop is due both to lower payments associated with guaranteed obligations in previous months and to the statistical effect of the larger comparison base in April 2024 compared to the same month this year, which had fewer collection days due to Holy Week. This is also due to the lower exchange rate (-0.4%). In this regard, it is important to note that the decrease occurred despite the fact that imports grew by 2.4%.
Selective Consumption Tax (ISC)
ISC collections reached S/ 643 million in April, representing a 15.4% decrease compared to the same month last year.
The internal ISC decreased 14.2%, reflecting the lower result in the fuel category, which fell 100.0% due to increased use of offsets against the month's obligations. Meanwhile, other tax items grew 2.6%, mainly due to higher payments for beer and soft drinks.
The ISC (Excise Tax) on imports fell by 17.4% as a result of lower guaranteed payments, primarily those for fuel, in addition to the statistical effect of the larger comparison base in April 2024.
Other revenue
Collections associated with this item amounted to S/ 2,039 million, representing a 9.9% increase compared to April 2024.
This result was mainly due to higher payments for installment payments, which increased by 55.4%, and the ITAN (Tax Identification Number), which increased by 7.9%.
It should be noted that the annual ITAN (Tax Identification Number) declaration was filed in April, allowing for cash and/or installment payments over nine installments, running from April to December.
Likewise, ICR (Tax Identification Number) collections increased (220.8%) as a result of the continued significant SUNAT enforcement actions. The same applies to the Casino and Slot Machine Tax and the Remote Gaming and Betting Tax (145.8%) due to the operation of the latter component since February; and the Financial Transaction Tax (FTT) (17.6%).
In contrast, payments for Fines (-54.9%), the Single Simplified Regime (-5.7%), and other tax revenues decreased by 63.2%, mainly due to the extraordinary payment in April 2024.
Tax refunds
Tax refunds issued during April amounted to S/ 3.03 billion, representing a 9.6% increase compared to the same month in 2024, mainly due to exporters, court orders, and refunds associated with the Regularization campaign.
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(END) NDP / MDV
Published: 5/7/2025